UNITED THERAPEUTICS Corp
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UTHR Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 781.5 | 794.4 | -1.6% |
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| Adcirca | 2.9 | 6 | -51.7% |
| Adcirca · US | 2.9 | 6 | -51.7% |
| Nebulized Tyvaso | 127.2 | 163.8 | -22.3% |
| Nebulized Tyvaso · Non Us | 14.6 | 25.2 | -42.1% |
| Nebulized Tyvaso · US | 112.6 | 138.6 | -18.8% |
| Orenitram | 135.6 | 120.7 | +12.3% |
| Orenitram · US | 135.6 | 120.7 | +12.3% |
| Product And Service Other | 5.3 | 5 | +6.0% |
| Product And Service Other · Non Us | 0.3 | 0.3 | 0.0% |
| Product And Service Other · US | 5 | 4.7 | +6.4% |
| Remodulin | 126.6 | 138.2 | -8.4% |
| Remodulin · Non Us | 17.8 | 18 | -1.1% |
| Remodulin · US | 108.8 | 120.2 | -9.5% |
| Total Tyvaso | 457.5 | 466.3 | -1.9% |
| Total Tyvaso · Non Us | 14.6 | 25.2 | -42.1% |
| Total Tyvaso · US | 442.9 | 441.1 | +0.4% |
| Tyvaso DPI | 330.3 | 302.5 | +9.2% |
| Tyvaso DPI · US | 330.3 | 302.5 | +9.2% |
| Unituxin | 53.6 | 58.2 | -7.9% |
| Unituxin · Non Us | 4.6 | 1.3 | +253.8% |
| Unituxin · US | 49 | 56.9 | -13.9% |
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| Non Us | 37.3 | 44.8 | -16.7% |
| US | 744.2 | 749.6 | -0.7% |
| Cost of Revenue | 133.4 | 92.5 | +44.2% |
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| Adcirca | 1 | 2.6 | -61.5% |
| Nebulized Tyvaso | 8.6 | 8.5 | +1.2% |
| Orenitram | 7.4 | 8.3 | -10.8% |
| Product And Service Other | 12.1 | 6 | +101.7% |
| Remodulin | 16.1 | 13.8 | +16.7% |
| Tyvaso DPI | 83.2 | 48.1 | +73.0% |
| Unituxin | 5 | 5.2 | -3.8% |
| Research & Development | 138.2 | 149 | -7.2% |
| Selling, General & Administrative | 184.1 | 170.1 | +8.2% |
| Total Costs & Expenses | 455.7 | 411.6 | +10.7% |
| Operating Income | 325.8 | 382.8 | -14.9% |
| Interest Income | 41.8 | 51.1 | -18.2% |
| Interest Expense | -3 | -6.1 | +50.8% |
| Other Non-Operating Income (Expense) | -46.3 | -4.3 | -976.7% |
| Non-Operating Income (Expense) | -7.5 | 40.7 | -118.4% |
| Income Before Taxes | 318.3 | 423.5 | -24.8% |
| Income Tax Expense (Benefit) | -43.4 | -101.3 | +57.2% |
| Net Income | 274.9 | 322.2 | -14.7% |
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| Retained Earnings | 274.9 | 322.2 | -14.7% |
| EPS (Basic) | 6.32 | 7.18 | -12.0% |
| EPS (Diluted) | 5.82 | 6.63 | -12.2% |
| Wtd Avg Shares (Basic) | 43.5 | 44.9 | -3.1% |
| Wtd Avg Shares (Diluted) | 47.2 | 48.6 | -2.9% |
| Gross Profit | 648.1 | 701.9 | -7.7% |
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| Adcirca | 1.9 | 3.4 | -44.1% |
| Nebulized Tyvaso | 118.6 | 155.3 | -23.6% |
| Orenitram | 128.2 | 112.4 | +14.1% |
| Product And Service Other | -6.8 | -1 | -580.0% |
| Remodulin | 110.5 | 124.4 | -11.2% |
| Tyvaso DPI | 247.1 | 254.4 | -2.9% |
| Unituxin | 48.6 | 53 | -8.3% |
| Comprehensive Income | 263.8 | 324.4 | -18.7% |
| Other Comprehensive Income | -11.1 | 2.2 | -604.5% |
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| Accumulated Other Comprehensive Income | -11.1 | 2.2 | -604.5% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,279.7 | 1,899.9 | -32.6% |
| Marketable Securities (Current) | 874 | 1,421.4 | -38.5% |
| Accounts Receivable | 312 | 322 | -3.1% |
| Inventory | 178.3 | 165.4 | +7.8% |
| Other Assets Current | 228 | 131.1 | +73.9% |
| Total Current Assets | 2,872 | 3,939.8 | -27.1% |
| Non-Current Assets | |||
| Marketable Securities (Non-Current) | 1,317.4 | 1,710.7 | -23.0% |
| Property, Plant & Equipment | 1,840.7 | 1,302.7 | +41.3% |
| Deferred Tax Assets | 335.4 | 456.6 | -26.5% |
| Other Non-Current Assets | 233.2 | 222.4 | +4.9% |
| Total Assets | 6,714.2 | 7,743.9 | -13.3% |
| Other Assets | |||
| Intangible Assets Net Including Goodwill | 115.5 | 111.7 | +3.4% |
| Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current | 498.3 | 367 | +35.8% |
| Other Liabilities Current | 100.8 | 154.5 | -34.8% |
| Total Current Liabilities | 599.1 | 721.5 | -17.0% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 214 | 215.2 | -0.6% |
| Total Liabilities | 813.1 | 936.7 | -13.2% |
| Stockholders' Equity | |||
| Common Stock | 0.8 | 0.8 | 0.0% |
| Additional Paid In Capital Common Stock | 2,520.3 | 2,737.7 | -7.9% |
| Accumulated Other Comprehensive Income | -10.2 | -1.2 | -750.0% |
| Treasury Stock Common Value | -5,441.6 | -3,474.5 | -56.6% |
| Retained Earnings | 8,831.8 | 7,544.4 | +17.1% |
| Total Stockholders' Equity | 5,901.1 | 6,807.2 | -13.3% |
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| Accumulated Other Comprehensive Income | -10.2 | -1.2 | -750.0% |
| Additional Paid In Capital | 2,520.3 | 2,737.7 | -7.9% |
| Common Stock | 0.8 | 0.8 | 0.0% |
| Retained Earnings | 8,831.8 | 7,544.4 | +17.1% |
| Treasury Stock Common | -5,441.6 | -3,474.5 | -56.6% |
| Total Liabilities & Equity | 6,714.2 | 7,743.9 | -13.3% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 22.6 | 19.8 | +14.1% |
| Stock-Based Compensation | 33.9 | 31.8 | +6.6% |
| Equity Securities Fv Ni Unrealized Gain Loss | 61.6 | 5.3 | +1062.3% |
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| Other Nonoperating Income Expense | 61.6 | 5.3 | +1062.3% |
| Deferred Income Taxes | 25.9 | — | — |
| Other Non-Cash Items | 32 | 4.1 | +680.5% |
| Change in Accounts Receivable | 38.2 | -42.7 | +189.5% |
| Change in Inventory | -40.1 | -11.2 | -258.0% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -12.7 | -2.6 | -388.5% |
| Increase Decrease In Other Operating Capital Net | 27 | 134.5 | -79.9% |
| Net Cash from Operations | 463.3 | 461.2 | +0.5% |
| Investing Activities | |||
| Capital Expenditures | -100.8 | -74.9 | -34.6% |
| Advance Payment Related To Property Plant And Equipment | -5.7 | -9.2 | +38.0% |
| Purchases of Investments | -701.7 | -692.3 | -1.4% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 269 | 611.7 | -56.0% |
| Proceeds From Sale Of Available For Sale Securities Debt | 1,307.9 | — | — |
| Payments To Acquire Equity Securities Without Readily Determinable Fair Value | -25 | — | — |
| Net Cash from Investing | 743.7 | -164.7 | +551.5% |
| Financing Activities | |||
| Share Repurchases | -1,500 | — | — |
| Proceeds From Stock Options Exercised | 68.3 | 16.6 | +311.4% |
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| Employee Stock Option | 68.3 | 16.6 | +311.4% |
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans | 5.6 | 4.9 | +14.3% |
| Tax Withholding for Share Compensation | -58.3 | -15.3 | -281.0% |
| Net Cash from Financing | -1,484.4 | -93.8 | -1482.5% |
| Supplemental | |||
| Interest Paid | 1.9 | 5.4 | -64.8% |
| Income Taxes Paid | 1.5 | 0.5 | +200.0% |
| Unpaid Capital Expenditures | 99.6 | 47.2 | +111.0% |
| Noncash Excise Tax On Net Share Repurchases | 8.4 | — | — |
| Other Cash Flow | |||
| Net Change in Cash | -277.4 | 202.7 | -236.9% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,279.7 | 1,899.9 | -32.6% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.